Xinhua News Agency, Shanghai Stock Exchange Framework Agreement Inked

With the "XNA, SSE Framework Agreement on All-round Cooperation" signed by the Xinhua News Agency (XNA) and the Shanghai Stock Exchange (SSE) in Beijing on May 30, 2008, the SSE will closely cooperate with the XNA in an all-round way in such fields as financial information service. Attending the signing ceremony were XNA Vice President Lu Wei and SSE Governor Geng Liang. According to the agreement, the two parties will build a mechanism of news collection and publication for in-depth cooperation in fields of commercial data and information products; through the channels and platforms including the "Xinhua 08", a comprehensive financial information service system independently developed by the XNA, popularize the important information data on the Shanghai securities market to cultivate the market, educate the investors and make in-depth information research. Besides, the SSE will also work with the XNA in information technology and talent exchange. Both sides hold that the cooperation will give China more rights to say and fix price, and improve the information transparency of China's capital market for a bigger and better securities market.